Regions Financial up after Q3 revenue beat estimates

Regions Financial

18/10/2024 13:21

** Shares of Regions Financial  RF.N  up 1.7% at $24.39 in
premarket trade 
    ** Co beats quarterly revenue estimates on strong
performance in capital markets activities and wealth management
    ** Capital markets income jumps ~44% to $92 mln and wealth
management income rises 14.3% to $128 mln from last year
    ** Net interest income falls 5.7% from the year-ago quarter
to $1.22 bln
    ** RF posts third-quarter adj. revenue of $1.87 bln vs
analysts' estimates of $1.80 bln - LSEG
    ** As of last close, RF up ~24% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))